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Committee Approves Amended PERS Bill and Refers Measure to Appropriations
Summary
The Government and Veterans Affairs Committee considered amendments to House Bill 1146 involving PERS; after discussion and a detailed walk‑through by PERS staff, the committee voted to approve the amended bill and re‑refer it to the appropriations committee.
The committee resumed consideration of House Bill 1146 with Derek Holbein, chief operating and financial officer of the North Dakota Public Employees Retirement System (PERS), explaining technical changes in a draft amendment.
Holbein summarized proposed edits including (1) language allowing the legislature flexibility to direct lump‑sum contributions in lieu of charging participating employers the actuarially determined…
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